This week’s Bankless Weekly Rollup tackles the big question: will October be an Uptober or a Downtober as Bitcoin and Ethereum slide, and why Vitalik Buterin thinks “low-risk DeFi” is Ethereum’s true backbone.
We also spotlight Tether’s eye-watering $500 billion raise, Polymarket’s South Park debut, Gary Gensler’s testy CNBC moment, Paul Atkins lobbying for pro-crypto rules, the heated Base-vs-Nasdaq regulation debate, Synthetix’s new perpetual DEX, Coinbase teaming up with Cloudflare, and Vietnam’s purge of 86 million bank accounts under new digital ID mandates.
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